UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $15.13 Million Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,435 shares of the bank's stock after selling 10,808 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Wintrust Financial worth $15,133,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Wintrust Financial in the third quarter worth $35,000. UMB Bank n.a. raised its holdings in shares of Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank's stock valued at $56,000 after buying an additional 196 shares during the last quarter. Brooklyn Investment Group acquired a new position in Wintrust Financial during the 3rd quarter worth about $61,000. Covestor Ltd grew its holdings in Wintrust Financial by 77.9% during the 3rd quarter. Covestor Ltd now owns 653 shares of the bank's stock worth $71,000 after acquiring an additional 286 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Wintrust Financial by 62.6% in the 2nd quarter. GAMMA Investing LLC now owns 818 shares of the bank's stock valued at $81,000 after acquiring an additional 315 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Trading Up 0.2 %

NASDAQ:WTFC traded up $0.29 during trading hours on Friday, hitting $136.75. The stock had a trading volume of 237,128 shares, compared to its average volume of 399,778. The business's 50 day moving average is $122.08 and its 200-day moving average is $108.68. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 14.32 and a beta of 1.18. Wintrust Financial Co. has a one year low of $89.29 and a one year high of $142.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The business had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. During the same period in the previous year, the business posted $2.53 EPS. The business's quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that Wintrust Financial Co. will post 10.12 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were given a $0.45 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.32%. Wintrust Financial's dividend payout ratio is presently 18.85%.

Wall Street Analyst Weigh In

WTFC has been the topic of several research analyst reports. Piper Sandler increased their price target on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Truist Financial increased their price objective on Wintrust Financial from $123.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Wedbush restated an "outperform" rating and set a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. DA Davidson raised their price target on Wintrust Financial from $125.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Raymond James lifted their price objective on Wintrust Financial from $125.00 to $135.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wintrust Financial has an average rating of "Moderate Buy" and an average price target of $124.62.

Insider Buying and Selling

In other news, insider Richard B. Murphy sold 4,099 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the transaction, the insider now owns 42,311 shares in the company, valued at $4,892,420.93. This represents a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David A. Dykstra sold 15,492 shares of the firm's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the sale, the chief operating officer now owns 197,591 shares in the company, valued at approximately $22,817,808.68. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is owned by corporate insiders.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.